J.Jill, Inc. (NYSE:JILL) Director Sells $40,300,000.00 in Stock

J.Jill, Inc. (NYSE:JILL) Director Investors Ltd. Towerbrook sold 1,300,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $31.00, for a total value of $40,300,000.00. Following the transaction, the director now owns 4,021,444 shares in the company, valued at approximately $124,664,764. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

J.Jill Stock Performance

Shares of JILL stock traded down $0.16 during midday trading on Tuesday, hitting $34.08. The company had a trading volume of 17,894 shares, compared to its average volume of 103,829. The company’s 50 day simple moving average is $30.15 and its 200 day simple moving average is $27.44. J.Jill, Inc. has a 52-week low of $18.85 and a 52-week high of $40.61. The stock has a market cap of $366.36 million, a price-to-earnings ratio of 10.22 and a beta of 0.75. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.00 and a quick ratio of 0.67.

J.Jill (NYSE:JILL) last announced its earnings results on Friday, June 7th. The specialty retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.08. J.Jill had a return on equity of 136.44% and a net margin of 7.84%. The company had revenue of $161.51 million for the quarter, compared to the consensus estimate of $160.00 million. Research analysts anticipate that J.Jill, Inc. will post 3.5 earnings per share for the current fiscal year.

J.Jill Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.82%. J.Jill’s dividend payout ratio is currently 8.36%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JILL. B. Riley restated a “buy” rating and set a $38.00 price target (up previously from $35.00) on shares of J.Jill in a research note on Thursday, March 21st. Lake Street Capital raised their price target on J.Jill from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, June 10th.

Institutional Trading of J.Jill

Several hedge funds have recently modified their holdings of the business. Boston Partners lifted its holdings in shares of J.Jill by 25.9% in the 4th quarter. Boston Partners now owns 146,008 shares of the specialty retailer’s stock valued at $3,764,000 after buying an additional 30,072 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in shares of J.Jill by 2,143.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 134,600 shares of the specialty retailer’s stock valued at $4,303,000 after buying an additional 128,600 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of J.Jill in the 4th quarter valued at approximately $703,000. Janney Montgomery Scott LLC raised its holdings in J.Jill by 9.3% during the first quarter. Janney Montgomery Scott LLC now owns 24,888 shares of the specialty retailer’s stock worth $796,000 after purchasing an additional 2,114 shares during the last quarter. Finally, Barclays PLC raised its holdings in J.Jill by 175.7% during the third quarter. Barclays PLC now owns 21,143 shares of the specialty retailer’s stock worth $625,000 after purchasing an additional 13,475 shares during the last quarter. 40.71% of the stock is owned by institutional investors and hedge funds.

J.Jill Company Profile

J.Jill, Inc operates as an omnichannel retailer for women's apparel under the J.Jill brand in the United States. It offers apparel, footwear, and accessories, including scarves and jewelry. The company markets its products through retail stores, website, and catalogs. J.Jill, Inc was founded in 1959 and is headquartered in Quincy, Massachusetts.